38 U.S.C. § 3699B
Section 3699B · Treatment of certain for-profit educational institutions
Amended 1 time on record
(a) In General.—In the case of any for-profit educational institution that is converted to a nonprofit educational institution, the State approving agency or the Secretary when acting as a State approving agency shall conduct annual risk-based surveys of the institution during the three-year period beginning on the date on which the educational institution is so converted.
(b) Risk-based Survey Defined.—In this section, the term "risk-based survey" means the risk-based survey developed under section 3673A of this title.
Editorial notes U.S. Code · Office of the Law Revision Counsel
Statutory Notes and Related Subsidiaries
Effective Date
Pub. L. 116–315, title I, §1022(c), Jan. 5, 2021, 134 Stat. 4959, provided that: "Section 3699B of title 38, United States Code, as added by subsection (a), shall apply with respect to the conversion of a for-profit educational institution to a nonprofit educational institution that occurs on or after the date of the enactment of this Act [Jan. 5, 2021]."